According to sources, the Oil and Gas Regulatory Authority (OGRA) has approved a 74% increase in the recommended prices of natural gas for the fiscal year 2022–2023.
Details indicate that the regulator authorized a price hike of up to 74.42 percent for Sui Northern Gas Pipeline Limited (SNGPL). The Sui Southern Gas Company (SSGC) was also permitted to raise gas rates by 67.75 percent from 2022 to 2023.
For SNGPL and SSGC, respectively, hikes of Rs406.28 and Rs469.28 per million British thermal units (mmBtu) have been allowed by the oil and gas regulator.
In addition, OGRA stated that SNGPL’s average gas price would increase from Rs545.89 per mmBtu to Rs952.17 per unit.
